RE:Martello Reports Financial Results for the Third Quarter
man oh man these were very very bad financials. Losses are piling, revenue is declining, everything is declining except losses which are rising. Just a complete disaster of a company. This quarter really showed how bad things are. Year over year on the quarter saw a decline, gross margins declined, MMR (month reoccurring revenue) declined, operating expenses and losses increased, "the Company believes it has sufficient cash to fund ongoing organic growth." ... Believes? Ouch. Gotta love how they blame delays and expenses on covid, the very thing that was suppose to light a fire under this thing. Good grief